Midwest Farmland Begins to Move Up
Monday, August 14th, 2017 -- 8:09 AM
(Wisconsin Ag Connection) -For the first time in three years, the value of Midwest farmland began to move back up, with Wisconsin properties being right in the mix.According to the latest survey of agricultural lenders in the Seventh Federal Reserve District, state farmland values between April through June were up one percent from a year ago, and rose one percent above the previous quarter. Districtwide, land values also increased one percent from the same three months compared to last year, and moved up one percent from the first quarter of 2017.
For the past eight consecutive quarters, Wisconsin properties have been elevating, while other states began to drop. But the latest questionnaire of 186 rural bankers showed that Iowa, Indiana and Michigan also had a stronger quarter--though Illinois and Indiana experienced year-over-year decreases.
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